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monetha (MTH)

Status
ICO

Decentralised trust and reputation with built-in payments processing for merchants.

monetha White Paper Whitepaper

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User Rating
Medium
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Ticker
MTH

What is monetha

- Decentralised trust and reputation working together with payment processing for global commerce: ?together with payment all the information needed to enable a trustful relationship between the buyer and the merchant are recorded (such as warranty). Smart Contract, automatically adjusts each party’s trust rating depending on their actions: file/solve claim, rate, write a review, make a purchase. - Payment processing to accept Ethereum based currencies and exchange them to fiat automatically or upon request. - In-built loyalty program which gives clients a 0.2% of every purchase in

monetha Roadmap

1
Start of the company (January 2017)

Three blockchain and payment enthusiasts came together for an epic venture into shaking up the payment processing industry.

2
Minimal Viable Product (Self-funded/May 2017)

Having worked on prototyping, strategizing and building a team around the project, we built a fully working MVP with which merchants can accept Ethereum payments in their e-commerce store.

3
ICO (August 2017)

First priority after the crowdsale is to gather the best team possible and attract talented and accomplished people from payments, blockchain, Fintech industries. We will move our operations to Singapore, which has a huge Ethereum community and extremely good business environment for fintech startups. Moreover it has a great connection to our go to market - Asia.

4
E-commerce (EUR 700K/Early 2018)

Develop a fully functioning payment gateway for ecommerce merchants, enabling them to accept ETH and leverage the first version of decentralised trust and reputation system.

5
Full e-commerce solution + exchange to FIAT currency (EUR 1,7M/Mid 2018)

Accept Ethereum tokens, and enable merchants to exchange Ethereum tokens to their local currency and transfer funds to their preferred account. Smart contract wallet, real-time analytics, and a dashboard for merchants.

6
First step towards decentralized reputation system: Monetha Wallet (EUR 3,5M/Late 2018)

Monetha Wallet for clients + Loyalty program + Significant improvement of the decentralized trust and reputation algorithm.

7
Full functionality of the decentralized trust and reputation system (EUR 5,5M/Early 2019)

This phase will allow us to fully develop a globalized trust system powered by smart contracts.

8
Retail (EUR 7M/Mid-Late 2019)

Develop and introduce a decentralized payment, trust and reputation system for retail merchants. Roll out Monetha as a payment option to retail merchants, allowing physical stores to accept mobile payments from Ethereum based currencies, and exchange to their preferred local currency.

Token Sale Dates

ICO

Start date: Aug 29, 2017
End date: Sep 29, 2017

Funding Details

Funds Raised (as of now) 37,000,000 USD

Token distribution


15% of tokens generated for loyalty program 8% of tokens of tokens generated to bounty, partners, advisors and marketing 62% of tokens generated to Crowdsale participants 15% of tokens generated to Monetha team. Automatically locked for 12 months by smart contract.

Token Price and Payment Options

Token price USD 1 MTH= 0.16 USD
Accepted Currencies ETH

Dividends

Dividend distribution planned
Monetha will charge a 1.5% transaction fee from merchants. Of that, 0.5% will go to a smart contract for Monetha token holders and other 1% will go to the company as revenues.

Project team

Andrej Ruckij
Andrej Ruckij
Co-Founder/Technology
Andrej Ruckij linkedin-team
Eric Duprat
Eric Duprat
Payments lead
Eric Duprat linkedin-team
Kellog N. Fairbank
Kellog N. Fairbank
Sales and Merchant Acquisition Lead
Kellog N. Fairbank linkedin-team
Dr. Jean-Marc Seigneur
Dr. Jean-Marc Seigneur
Decentralised Trust and Reputation lead
Dr. Jean-Marc Seigneur linkedin-team
Justas Pikelis
Justas Pikelis
Co-Founder/Business
Justas Pikelis linkedin-team
Laurynas Jokubaitis
Laurynas Jokubaitis
Co-Founder/Product
Laurynas Jokubaitis linkedin-team
Viaceslavas Ruckis
Viaceslavas Ruckis
Engineering lead
Viaceslavas Ruckis linkedin-team
Erikas Malisauskas
Erikas Malisauskas
Product design/Front end developer
Erikas Malisauskas linkedin-team
Martynas Adomaitis
Martynas Adomaitis
Smart Contract developer
Martynas Adomaitis linkedin-team
Andrej Davidovic
Andrej Davidovic
Software engineer
Alex Bazhanau
Alex Bazhanau
Principal Ethereum Engineer
Alex Bazhanau linkedin-team

Advisors

Sean Harper
Sean Harper
Product and Payments
Sean Harper linkedin-team
James Downton
James Downton
Marketing advisor
James Downton linkedin-team
Nik Rokop
Nik Rokop
Business advisor
Nik Rokop linkedin-team
Paolo Rebuffo
Paolo Rebuffo
Financial Advisor
Paolo Rebuffo linkedin-team
Robertas Visinskis
Robertas Visinskis
ICO advisor
Robertas Visinskis linkedin-team

Social media

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